https://youtu.be/mF8i5BF4io4
Technology is advancing rapidly, above is a short video explaining the carbon capture process.
This technology allows large scale mining operations to be carbon negative and allow other industries that don't have ability to offset emissions to buy credits from Aston.
The technology is already available and being used in various forms. Norway’s Sleipner project has been pumping carbon emissions at around 1 million tons per annum underground for 20 years.
Now with the Biden government introducing carbon taxes at average $85 a ton there is increased pressure and incentive to engage with companies like Aston who will be able to offset taxes.
As Mark Selby stated, the tax is set to increment and once it hits that certain point that it is financially cheaper to pay Aston and similar companies than it is to pay taxes then the carbon capture industry will grow exponentially.
e.g if carbon tax is US$100 per ton and a high emissions company can pay Aston US$85 per ton @ 1 million tons per annum. The company would save themselves US$15million per annum and Aston would make additional US$85 million per annum before costs.
This ofcourse isn’t the primary income for Aston, it will be on top of production cashflow and will be significant revenue.
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